Analyst sees biz travel leveling, leisure travel rising
October 12, 2011 | Online Travel
The business travel market has been outperforming the leisure side for two years, but the gap is beginning to narrow, according to analysts with ITG Investment Research.
“The pickup in business is starting to level off,” said Matthew Jacob, a senior leisure analyst with ITG.
Jacob said business travel during the summer is traditionally slow, and that its performance this fall will indicate whether its strong growth since November 2009 will begin to dip or is simply leveling off.
At the same time, Jacob said, leisure travel is picking up.
He cautioned that leisure’s improvement will depend on the avoidance of a double-dip recession.
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